Global Cardiovascular Stents Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Cardiovascular Stents Market Outlook

• In 2023, approximately 620 million people were living with heart and circulatory diseases. Thus, the rising prevalence of cardiovascular disease is the primary driver of the market. 
• The surge in new device approvals by regulatory bodies is a major market trend. For instance, in March 2024, Boston Scientific obtained FDA approval for the AGENT Drug-Coated Balloon, the first of its kind in the United States.
• The ongoing research and development efforts to improve therapeutic options and the rising advancements in stent technology are likely to elevate the market value.

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Cardiovascular Stents Market Overview

Cardiovascular stents play a crucial role in the treatment of coronary artery disease by angioplasty, maintaining vessel patency, ensuring appropriate blood flow, and preventing restenosis. Current stents are equipped with advanced functions such as drug-releasing abilities and bioresorbable substances, which decrease long-term issues. Stents are used to address artery blockages resulting from atherosclerosis, a condition that can result in heart problems. Stents maintain the openness of arteries, promoting consistent blood circulation and reducing possible issues. The minimally invasive angioplasty procedure entails placing a catheter with a balloon and stent into the narrowed artery to expand the stent and compress the plaque. 

Stents have revolutionized interventional cardiology by providing a less invasive choice with faster recovery times and improved patient results and thus contribute significantly to the growth of the cardiovascular stents market. Moreover, the introduction of drug-eluting stents, which are designed to release medication that helps prevent the narrowing of arteries, is likely to elevate the market value in the forecast period. Additionally, the rising improvements in stent technology, increasing healthcare expenditure in emerging economies, and the growing public awareness campaigns on heart disease are some of the factors poised to influence the market dynamics.

Cardiovascular Stents Market Growth Drivers

Rising Prevalence of Cardiovascular Diseases Spurs Market Growth

The rise in cardiovascular diseases (CVDs), due to lifestyle changes, urbanization, and aging populations impacts the global market for cardiovascular stents. In 2023, approximately 620 million people, out of the global population of 8 billion, were living with heart and circulatory diseases. Every year, around 60 million people worldwide develop these conditions, resulting in 1 in 13 individuals having a heart or circulatory disease. Thus, the rising burden of cardiovascular diseases such as coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions, play a significant role in the growth of the market. 

Advancements in Stent Technology Drive Increased Demand in the Cardiovascular Stents Market

Improvements in stent technology are driving expansion in the market. Advances in design, materials, and drug delivery systems have enhanced the safety and efficacy of stent procedures. For instance, in March 2024, Boston Scientific obtained FDA approval for the AGENT™ Drug-Coated Balloon, the first of its kind in the U.S. It offers a safe and effective alternative to address coronary in-stent restenosis and lower the risk of recurrence. Further, stents have become more resilient and compatible with the body. This is due to the use of high-strength alloys such as cobalt-chromium and biocompatible polymers.

Cardiovascular Stents Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Growing Geriatric Population to Impact Cardiovascular Stents Market

Conditions like high blood pressure, diabetes, and high cholesterol are common in elderly individuals, which results in a greater need for advanced treatment choices such as cardiovascular stents. Older adults opt for procedures such as stent implantation due to their lower risks and quicker recovery times. As the elderly population continues to grow, the demand for cardiovascular stents is set to increase.

Rising Preference for Minimally Invasive Surgeries Likely to Elevate the Cardiovascular Stents Market Value

Procedures like stent implantation provide benefits such as decreased incision size, less trauma, and quicker recovery periods in comparison to conventional open surgeries. Stent implantation for heart-related issues is commonly performed using a catheter inserted either through the groin or wrist, which reduces risks and accelerates patient healing. Both patients and healthcare providers favor minimally invasive surgeries due to their reduced hospitalization time and faster resumption of everyday tasks. 

Increased Awareness and Screening Programs to Augment Cardiovascular Stents Market Demand

Growing awareness of heart health risks is causing people to proactively seek early detection and preventative treatment, driving up the need for cardiovascular stents. Public health initiatives and educational programs are improving understanding of potential risks, and encouraging frequent check-ups. Screening programs assist in identifying individuals at risk, which results in timely stent utilization for blockage management and improved patient results. 

Improvement in Healthcare Infrastructure

The increased use of stent technologies is being driven by modern hospitals with enhanced amenities and diagnostic equipment. Improved healthcare facilities are enhancing the ability to perform intricate procedures such as stent implantation with more accuracy and improved results for patients. Enhanced healthcare facilities are also aiding in the accessibility of top-notch stents and improved training for medical professionals, leading to a more efficient utilization of stent technologies. 

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Cardiovascular Stents Market Segmentation

Market Breakup by Product Type

• Coronary Stenting 
• Peripheral Stenting

Market Breakup by Type

• Drug Eluting Stents (DES) 
• Bioresorbable Stents 
• Bare Metal Stents 
• Dual Therapy Stent
• Others

Market Breakup by Material

• Stainless Steel
• Cobalt Chromium 
• Nitinol 
• Polymers

Market Breakup by Disease Indication

• Venous Diseases 
• Arterial Diseases 

Market Breakup by End User

• Hospitals 
• Ambulatory Surgery Centres 
• Speciality Clinics 
• Catheterisation Labs 

Market Breakup by Region

• North America
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa

Cardiovascular Stents Market Share

Market Segmentation Based on the Type Holds a Significant Market Share

Different types of cardiovascular stents include drug-eluting stents (DES), bioresorbable stents, bare metal stents, dual therapy stents, and various other categories. Drug-eluting stents (DES) are the most frequently utilized because of their notable benefits in preventing restenosis in arteries. These stents release a drug that hinders cell growth and stops the formation of scar tissue, lowering the chance of the artery reoccluding. This technology has shown great success in the results over time, establishing drug-eluting stents as the top option in numerous situations. They are especially advantageous for patients at high risk of restenosis or those with intricate coronary lesions.

The Material Segment is Likely to Fuel Cardiovascular Stents Market Growth

Cardiovascular stents are classified based on the materials used, such as stainless steel, cobalt chromium, nitinol, and polymers. Cobalt chromium stents are preferred due to their strength and flexibility, allowing for thinner designs and improved deliverability. They provide excellent radial strength, decreasing the chance of deformation and supporting the overall health of arteries in the long run. Additionally, these stents are resistant to corrosion and have a smaller design for simpler maneuverability.

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Cardiovascular Stents Market Analysis by Region

Based on region, the market report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

North America is expected to dominate the market powered by its state-of-the-art healthcare facilities, high rates of cardiovascular disease, and emphasis on medical progress. In the United States, heart disease is the top cause of death for most groups, with one person dying every 33 seconds with 702,880 deaths in 2022. Market growth is fostered by the presence of modern stent technologies such as drug-eluting and bioresorbable stents. Continual research and development, governmental support, and the rising preference for less intrusive techniques play a crucial role in the region's dominance in the cardiovascular stents market. 

Europe is also poised to have a significant market share supported by the high prevalence of cardiovascular diseases, cutting-edge medical technologies, and favorable healthcare policies. Cardiovascular diseases are the main cause of disability and premature death in Europe, accounting for 42.5% of annual deaths, which is 10,000 per day. Nations such as Germany, France, and the United Kingdom experience a substantial burden of cardiovascular diseases, leading to an increased need for stent placement. The area adopts modern stent technologies such as drug-eluting and bioresorbable stents, backed by regulatory approvals and health authorities, which further aids the market expansion in the region. 

Leading Players in the Cardiovascular Stents Market

The key features of the market report include patent analysis, funding, and investment analysis as well as strategic initiatives including recent partnerships and collaborations by the leading players. The major companies in the market are as follows:

Cordis US Corp 

Cordis is an American medical company developing and manufacturing devices for coronary and vascular diseases. In Oct 2022, Cordis announced the acquisition of MedAlliance, a Swiss company specializing in drug-eluting balloons. By acquiring MedAlliance, Cordis aims to serve two million patients worldwide by 2027 with their innovative SELUTION SLR drug-eluting balloon.

Abbott Laboratories

Abbott Laboratories is a US-based healthcare company that develops and sells medical products including pharmaceuticals, diagnostics, and nutritional items. In February 2023, Abbott acquired Cardiovascular Systems, Inc., a leader in atherectomy devices for treating artery disease. The deal is valued at USD 890 million, with CSI shareholders receiving USD 20 per share. 

Boston Scientific Corporation

Boston Scientific Corporation, headquartered in Marlborough, Massachusetts, is a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices. The company is known for its advanced stent products, which are widely used in the treatment of coronary artery disease. 

Medtronic Plc

Medtronic plc, an American-Irish medical device company, received FDA approval in May 2022 for the latest generation drug-eluting coronary stent system - the Onyx Frontier DES. This stent, part of the Resolute DES family, improves deliverability and acute performance in challenging cases, utilizing a best-in-class stent platform.

Other players in the market are BIOTRONIK SE & Co KG, MicroPort Scientific Corporation, Cardinal Health Inc., Cook Medical Inc., C. R. Bard, Inc. (BD), Terumo Corporation, and B. Braun Melsungen AG. 

Key Questions Answered in the Cardiovascular Stents Market Report

• What was the global cardiovascular stents market value in 2023? 
• What is the global cardiovascular stents market forecast outlook for 2024-2032? 
• What are the regional markets covered in the EMR report?
• What is the market segmentation based on the product type?
• What is the market breakup by type? 
• What is the market segmentation based on material? 
• What is the market breakup based on disease indication?
• What is the market breakup based on the end user?
• What are the major factors aiding the global cardiovascular stents market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years? 
• What are the major drivers, opportunities, and restraints in the market?
• What are the major trends influencing the market?
• Which regional market is expected to dominate the market share in the forecast period?
• Which country is likely to experience elevated growth during the forecast period?
• Who are the key players involved in the global cardiovascular stents market?
• What is the patent landscape of the market? 
• What are the current unmet needs and challenges in the market? 
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?